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Interview: ‘We need to tap a new ecosystem of players to expand digital payments adoption,’ says Navin Surya

So Hum Bharat Digital aims to the address the "white spaces" within the customer segment that are currently not addressed and in spending categories where physical cash is still widely used, said Navin Surya one of the promoters the New Umbrella Entity applicant, in an interview with MediaNama . Surya who is chairman emeritus of the Payments Council of India and chairman of the Fintech Convergence Council joined hands with Infibeam Avenues' executive director, Vishwas Patel, to start So Hum. While several banks, multinational companies and corporate groups also plan to apply for an NUE license, Surya and Patel are the first to set up an entirely new entity to rival the National Payments Corporation of India (NPCI). MediaNama: Why do we need more than one umbrella entity for payments? Navin Surya: There is no single reason why payments has…

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Reports on banking, payments, fintech and crypto-curencies. Additional reporting on media regulations, data protection and other areas.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ